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PH climbs 4 notches in Doing Business Report 2017

MANILA — The Philippines has increased its ranking in the Doing Business Report 2017 by four notches to rank 99 from rank 103 last year.

Doing Business Report 2017, Philippines (MANILA BULLETIN)

Doing Business Report 2017, Philippines
(MANILA BULLETIN)

The Doing Business Report measures ease of doing business in an economy in areas such as starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, and resolving insolvency.

The report was released by the World Bank-International Finance Corporation in Washington Tuesday afternoon (Wednesday midnight in Manila).

The improvements in ranking of the country is attributed to four gains out of the ten indicators.

These gains include: protecting minority investors, up by 18 notches to rank 137 from rank 155; dealing with construction permits, up by 14 notches to 85th place from 99th place; paying taxes, up by 11 notches to 115th from 126th; and enforcing contracts, up by four notches to 136th from 140th.

On the other hand, the country’s ranking in the following indicators declined: getting credit, down by nine notches to 118th place; getting electricity, down by three notches to 22nd place; and resolving insolvency, down by three notches to 56th place.

No movements in rankings were recorded in areas of registering property at rank 112 and trading across borders at rank 95.